ARLO
ActiveSummary
ARLO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €652,422. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
“Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,inschrijvingsrechten,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door…” (deed in Dutch)
From the articles, 7 activitiesNo NACE code in the KBO yet1 site
Size
€4.6mtotal assets 2025
- Equity
- €1.7m
- Profit
- €652,422
Turnover not published (abbreviated or micro format)
Why 94raises riskLiquidity: current ratio 0.75, cash €44,312Founded in 2023lowers riskSize: total assets €4.6mNo main activity registeredShow the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (no NACE code, small)
Financial strength · tick = 2024
Strong
Solvency
62-38
equity 37.0% of total assets
Liquidity
51+1
short-term debt 8.1% · cash 1.0%
Profitability
73+44
return on assets 14.2%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.4%
12-2024: 3.4%● unchanged vs 11-2024
01-2025: 3.6%▲ +0.2 percentage points vs 12-2024
02-2025: 3.6%● unchanged vs 01-2025
03-2025: 3.5%▼ -0.1 percentage points vs 02-2025
04-2025: 3.5%● unchanged vs 03-2025
05-2025: 3.8%▲ +0.3 percentage points vs 04-2025
06-2025: 4.6%▲ +0.8 percentage points vs 05-2025highest value
07-2025: 4.6%● unchanged vs 06-2025highest value
08-2025: 0.4%▼ -4.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.3 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.75, compared with 0.11 in 2024, below 1; short-term debt: 8.1% and cash: 1% of total assets), and 63% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 38% on solvency, 60% on liquidity, 81% on profitability and 93% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
43 days early
2024
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €652,422
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
Equity
€1.7m▲ 62.0%
2024 · €1.1m
Total assets
€4.6m▲ 324%
2024 · €1.1m
Net result
€652,422
2024 · -€35,541
Working capital
-€93,885▼ 207%
2024 · -€30,541
Trend over the years
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €2,259 in 2025 against €4,594 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.002m
2025
Net result€0.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.6m
2025
Equity€1.7m
2025
Debt€2.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.09m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€0.005m--€0.002m▲ 50.8%
Net result-€0.04m-€0.7m
Equity€1.1m-€1.7m▲ 62.0%
Total assets€1.1m-€4.6m▲ 324%
Debt€0.03m-€2.9m▲ 84×
Working capital-€0.03m--€0.09m▼ 207%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€4.3m ▲ 300%
Current assets
€278,312 ▲ 72×
Equity and liabilities €4.6m
Equity
€1.7m ▲ 62.0%
Debt
€2.9m ▲ 84×
Debt's share of the balance-sheet total rises from 3.2% to 63.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.75▲
2024 · 0.11
Debt to equity
1.70▲
2024 · 0.03
ROE
38.3%▲
2024 · -3.4%
ROA
14.2%▲
2024 · -3.3%
Debt ≤ 1 year
€372,196▲
2024 · €34,428
Debt > 1 year
€2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €144 | - |
| Gross operating margin9900 | -€4,594 | -€2,114 | ▲ 54.0% |
| Operating profit (loss)9901 | -€4,594 | -€2,259 | ▲ 50.8% |
| Financial income75/76B | - | €780,000 | - |
| Recurring financial income75 | - | €780,000 | - |
| Financial charges65/66B | €30,947 | €125,320 | ▲ 305% |
| Recurring financial charges65 | €30,947 | €125,320 | ▲ 305% |
| Profit (loss) for the period before taxes9903 | -€35,541 | €652,422 | - |
| Profit (loss) for the period9904 | -€35,541 | €652,422 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,541 | €652,422 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.1m | €4.6m | ▲ 324% |
| Fixed assets21/28 | €1.1m | €4.3m | ▲ 300% |
| Financial fixed assets28 | €1.1m | €4.3m | ▲ 300% |
| Current assets29/58 | €0.004m | €0.3m | ▲ 72× |
| Amounts receivable within one year40/41 | - | €0.2m | - |
| Other amounts receivable41 | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.004m | €0.04m | ▲ 11× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.1m | €4.6m | ▲ 324% |
| Equity10/15 | €1.1m | €1.7m | ▲ 62.0% |
| Contributions10/11 | €1.1m | €1.1m | = |
| Profit (loss) carried forward14 | -€0.04m | €0.6m | - |
| Amounts payable17/49 | €0.03m | €2.9m | ▲ 84× |
| Amounts payable after more than one year17 | - | €2.5m | - |
| Financial debts170/4 | - | €2.5m | - |
| Amounts payable within one year42/48 | €0.03m | €0.4m | ▲ 981% |
| Current portion of amounts payable after more than one year42 | - | €0.3m | - |
| Trade debts44 | - | €0.001m | - |
| Suppliers440/4 | - | €0.001m | - |
| Other amounts payable47/48 | €0.03m | €0.04m | ▲ 25.1% |
| Accrued charges and deferred income492/3 | - | €0.04m | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€0.04m | €0.7m | - |
| Operating cash flow (approximation) | -€0.04m | €0.7m | - |
| Investment in fixed assets (approximation) | - | -€3.2m | - |
| Change in cash | - | €0.04m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-06-2026 | 2026-00172825 |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00288332 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2023
Board 2
ARCADE
CurrentDirector · since 02-06-2023 · Private limited company · permanent representative: Arnaud VAN de CALSEYDE
KIWI
CurrentDirector · since 02-06-2023 · Private limited company · permanent representative: Louis VAN de CALSEYDE
Permanent representatives 2
Arnaud VAN de CALSEYDE
CurrentPermanent representative · since 02-06-2023 · for ARCADE
Louis VAN de CALSEYDE
CurrentPermanent representative · since 02-06-2023 · for KIWI
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
2 people since 2023, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| ARCADE |
|
| KIWI |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 02-06-2023 ↗
- Arnaud VAN de CALSEYDE 50 shares · €2,500
- Louis VAN de CALSEYDE 50 shares · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 16-01-2025 Capital increase · to €1,087,000 · no new shares · in kind
- 02-06-2023 Incorporation · €5,000
Group and network
Holdings and subsidiaries
1 holding · 2 subsidiaries in the treeHoldings 1
-
100%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Van de Calseyde 100%1 subsidiary
- VERBEEMEN D.S. 100%
According to the 2025 annual accounts of ARLO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
DONSATELIER
Shared corporate director
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VDCI
Shared corporate director
→
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial
Back to profitnet €652,422
Net result €652,422 after one loss-making year.
17-07
NBB filing
Annual accounts filed
financial year 2024 · micro format
16-01
Gazette deed
Amendment of the articles · MiscellaneousDeclaration · Capital · Power of attorney13 facts ▸
Gazette deed
Amendment of the articles · Miscellaneous
Declaration · Capital · Power of attorney13 facts ▸
- General meeting, 24-12-2024
- Other provision, “kennisname verslag bestuursorgaan, beschrijving van de inbreng in natura, gemotiveerde waardering, evenals voorstel tot vergoeding” (deed in Dutch)
- Other provision, “kennisname verslag bedrijfsrevisor, artikel 5:133 §1 tweede lid WVV” (deed in Dutch)
- Declaration, “geen nieuwe aandelen uitgegeven voor inbreng” (deed in Dutch)
- Capital, €1,087,000
- Amendment of the articles, 9
- Amendment of the articles, 10
- Amendment of the articles, 11
- Amendment of the articles
- Power of attorney, Julie De Prest
- Board meeting, “bijzondere machtiging aan de bestuurder om alle voorgaande beslissingen uit te voeren, algemene vergadering” (deed in Dutch)
- Capital increase, €1,087,000
- +1 further fact in this act
2023
02-06
Gazette deed
IncorporationAppointments: ARCADE (director) and KIWI (director) · Permanent representatives: Arnaud VAN de CALSEYDE and Louis VAN de CALSEYDE · Registered office clause15 facts ▸
Gazette deed
Incorporation
Appointments: ARCADE (director) and KIWI (director) · Permanent representatives: Arnaud VAN de CALSEYDE and Louis VAN de CALSEYDE · Registered office clause15 facts ▸
- Registered office clause, “9000 Gent,Afrikalaan 289” (deed in Dutch)
- Other provision, “website en e-mail adres” (deed in Dutch)
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in naam en voor rekening gesteld voor oprichting” (deed in Dutch)
- Pre-incorporation commitments, ratification, “verbintenissen aangegaan in tussenperiode” (deed in Dutch)
- Director appointment, ARCADE (director)
- Director appointment, KIWI (director)
- Permanent representative, Arnaud VAN de CALSEYDE
- Permanent representative, Louis VAN de CALSEYDE
- Founding capital, €5,000
- Capital contribution, €2,500 (2 times)
- Power of attorney, Baker Tilly Belgium Corporate Finance
- Incorporation, 31-05-2023
- +3 further facts in this act
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 2 deeds read
Register details
Identification
Legal formPrivate limited company
Founded31-05-2023
Financial year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0802275320
Also
9925:BE0802275320
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
Ground area
5,324 m²
Building footprint
4,860 m²
Building volume
28,398 m³
Parcel 44807G0697/00W002, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
ARLO
since 2023unit no. 2.345.826.719
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44807G0697/00W002 | Flanders | 5,323 m² | 1 · 4,860 m² | 7.9 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van…” (deed in Dutch)
7 activities (deed in Dutch)
- Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,inschrijvingsrechten,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van vennootschappen,administratiekantoren,instellingen en verenigingen al dan niet met een (semi-)publiekrechtelijk statuut
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,directie,controle of vereffening,het verlenen van advies,management en andere diensten. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan al dan niet verbonden ondernemingen,alsmede het waarborgen van verbintenissen van derden
- Advies- en/of dienstverlening aan bedrijven,privépersonen en instellingen in de ruimste zin van het woord,voornamelijk doch niet uitsluitend op het vlak van,management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis
- Het geven van advies inzake de organisatie en het beheer van ondernemingen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling,en in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten,met inbegrip van het geheel of gedeeltelijk ter beschikking stellen,al dan niet tegen betaling,van een onroerend goed aan haar bestuurders,bedrijfsleiders en werknemers in het kader van een verloningspolitiek
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ARLO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Het artikel 11 van de statuten luidt voortaan als volgt: “11.1. Iedere bestuurder is individueel bevoegd, met uitzondering van de hierna…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, 2” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of June at 15:00